Aquafeed Market Report Report 2019-2024 | Industry Trends, Market Share, Size and Opportunities

Global Aquafeed Market Research Report, Share, Size, Trends and Forecast Till 2024

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Report Description and Highlights

Report Description

Aquafeed Market Report By Product Form (Pellets, Extruded, Powdered and Liquid), Additives (Vitamins & Minerals, Antioxidants, Feed Enzymes and Others), Ingredients, Specie, Region The global aquafeed market has witnessed a positive growth over the past few years. The growing aquaculture industry and the introduction of new technologies aimed to improve feed quality have provided an impetus to the market growth.

Market Overview: IMARC Group’s recent study, titled “Aquafeed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global aquafeed market reached a volume of more than 40 Million Tons in 2018. Aquafeed has become a vital part of the aquaculture industry owing to its growth promoting and nutritional properties. A wide range of ingredients are used in the preparation of aquafeed, such as marine animals, plants, terrestrial-based live feeds, plant or grain products and by-products. The high-quality commercial aquafeed is more advantageous to crustaceans, mollusks, fishes, etc. than farm-made feeds due to their need-specific and balanced composition. Nowadays, various finished products and ingredients are also being tested to ensure that the essential nutrients are present in aquafeed and are suitable for the aquatic species.

Report Description and Highlights

Report Description Global Aquafeed Market Trends:

There has been a rise in the overall consumption of seafood due to increasing awareness among consumers about their high-protein content. This has encouraged the farmers to utilize improved aquafeed for the production of aquatic animals. Apart from this, with rising importance of aquaculture, the requirement of natural resources for producing aquafeed ingredients has intensified.

The manufacturers are also producing safe and sustainable feed products that secure human, animal and environmental health. Additionally, new technologies are being introduced so as to improve the feed quality in order to attain higher productivity. Moreover, research and development activities, especially in Europe, have resulted in the introduction of alternative raw materials and low-cost production techniques which are anticipated to augment the growth of the aquafeed market.

However, the fluctuating prices of raw materials used in the production of aquafeed can hinder the market growth.

Aquafeed Market Segmentation: Market Segmentation by Specie o Carp Feeds Request for a sample report: https://www.imarcgroup.com/request?type=report&id=996&flag=B

Market Forecast

Sample Figure: Global: Aquafeed Market Forecast: Production Volume (in Million Tons), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o o o o o o o o

Marine Shrimps Tilapias Catfishes Marine Fishes Salmons Freshwater (FW) Crustaceans Trouts Others

Based on specie, carp feed is witnessing the fastest growth as it provides high amounts of protein that are low in fats and are rich in omega-3 fatty acids. Carp feed is followed by marine shrimp, tilapias, catfish, marine fishes, salmon, freshwater crustaceans, trout and others.

Market Segmentation by Ingredients • • • •

Soybean Corn Fish Meal Fish Oil

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Market Segmentation

Report Description • •

Additives Others

On the basis of ingredients, the market has been segmented into soybean, corn, fish meal, fish oil additives and others. Currently, soybean is the leading segment, accounting for the majority of the global share. This can be attributed to its easy availability and low cost coupled with relatively high amount of digestible protein.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, Asia Pacific enjoys the dominant position in the global aquafeed market. Other major regions include Europe, Latin America, Middle East and Africa, and North America.

Market Segmentation by Additives •

Vitamins and Minerals

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • • •

Antioxidants Feed Enzymes Others

Based on additives, the report finds that vitamins and minerals hold the largest market share. They are followed by antioxidants, feed enzymes and others.

Market Segmentation by Product Form • • • •

Pellets Extruded Powdered Liquid

On the basis of product forms, the market has been segregated as pellets, extruded products, powdered products and liquid products. Amongst these, pellets represent the leading segment.

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Report Description and Highlights

Report Description

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